Wagner Wealth Management LLC Buys 679 Shares of FS KKR Capital Corp. (NYSE:FSK)

Wagner Wealth Management LLC increased its stake in FS KKR Capital Corp. (NYSE:FSK) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,300 shares of the company’s stock after buying an additional 679 shares during the quarter. Wagner Wealth Management LLC’s holdings in FS KKR Capital were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC boosted its stake in shares of FS KKR Capital by 47.5% during the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company’s stock worth $41,000 after purchasing an additional 675 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of FS KKR Capital during the fourth quarter valued at approximately $52,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of FS KKR Capital by 122.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company’s stock valued at $60,000 after buying an additional 1,520 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of FS KKR Capital by 164.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 6,016 shares of the company’s stock worth $119,000 after buying an additional 3,744 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of FS KKR Capital by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 9,885 shares of the company’s stock worth $195,000 after acquiring an additional 1,280 shares during the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FSK. B. Riley cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $21.00 target price on shares of FS KKR Capital in a research report on Monday, December 2nd. JPMorgan Chase & Co. increased their price objective on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lifted their target price on FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.63.

Insider Activity at FS KKR Capital

In related news, insider Daniel Pietrzak acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $21.31 per share, with a total value of $106,550.00. Following the transaction, the insider now directly owns 49,800 shares of the company’s stock, valued at $1,061,238. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 11,500 shares of company stock valued at $248,910 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

FS KKR Capital Price Performance

Shares of FSK opened at $23.23 on Monday. The company has a 50 day moving average of $21.97 and a two-hundred day moving average of $20.85. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. FS KKR Capital Corp. has a twelve month low of $18.31 and a twelve month high of $23.47. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 12.35 and a beta of 1.25.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.